433,213 Shares in Xerox Holdings Co. $XRX Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in shares of Xerox Holdings Co. (NASDAQ:XRX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 433,213 shares of the information technology services provider’s stock, valued at approximately $1,629,000. Segall Bryant & Hamill LLC owned about 0.34% of Xerox at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gabelli Funds LLC grew its position in shares of Xerox by 4.5% during the 2nd quarter. Gabelli Funds LLC now owns 58,000 shares of the information technology services provider’s stock valued at $306,000 after acquiring an additional 2,500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Xerox by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,047 shares of the information technology services provider’s stock worth $333,000 after purchasing an additional 2,838 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Xerox by 1.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 164,566 shares of the information technology services provider’s stock worth $868,000 after purchasing an additional 3,138 shares during the period. Cidel Asset Management Inc. lifted its position in Xerox by 34.3% during the third quarter. Cidel Asset Management Inc. now owns 14,505 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 3,701 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Xerox by 33.2% during the second quarter. Cetera Investment Advisers now owns 17,320 shares of the information technology services provider’s stock valued at $91,000 after purchasing an additional 4,319 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Zacks Research cut Xerox from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Weiss Ratings started coverage on Xerox in a research note on Wednesday, January 28th. They set a “sell (d-)” rating for the company. Finally, Citigroup reissued a “neutral” rating and issued a $2.50 target price (down from $3.50) on shares of Xerox in a report on Friday, January 30th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Sell” and an average price target of $2.50.

Xerox Stock Down 7.4%

XRX opened at $1.74 on Friday. The company has a market capitalization of $222.79 million, a PE ratio of -0.21 and a beta of 1.71. The firm has a 50-day simple moving average of $2.19 and a two-hundred day simple moving average of $2.89. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 8.94. Xerox Holdings Co. has a 52 week low of $1.65 and a 52 week high of $6.81.

Xerox (NASDAQ:XRX) last issued its earnings results on Thursday, January 29th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.25). Xerox had a negative return on equity of 8.26% and a negative net margin of 14.65%.The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. Analysts forecast that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Xerox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Xerox’s dividend payout ratio is -1.22%.

Xerox Company Profile

Xerox Holdings Corporation (NYSE: XRX) is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes.

Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.